What is the term for the extra revenue associated with selling an additional unit of output?
A)average revenue
B)marginal revenue
C)marginal cost
D)average variable cost

Question

Quizplus · Accepted Answer

The term for the extra revenue associated with selling an additional unit of output is known as marginal revenue. Average revenue refers to total revenue divided by the quantity sold, while marginal cost and average variable cost are related to the cost of production. Therefore, the correct answer is B.

What Is the Term for the Extra Revenue Associated with Selling